after some consolidation, price finally create double top and retesting blue structure which indicate a reversal movement.
in this setup we can look for short setup.
now price potentially create triangle pattern. But i think price will violate the double top before going down.
If price really tag the yellow structure and violate the double top, we can take a short from there.
but if price break the duble top neckline, short on pullback to neckline will be the setup.
in this setup we can look for short setup.
now price potentially create triangle pattern. But i think price will violate the double top before going down.
If price really tag the yellow structure and violate the double top, we can take a short from there.
but if price break the duble top neckline, short on pullback to neckline will be the setup.
Trade closed: target reached:
clear :)